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RSM World of IFRS

This section provides you with the most recent news in International Financial Reporting Standards (IFRS). It summarises the activities of the IFRS Foundation, International Accounting Standards Board (IASB) and the IFRS Interpretations Committee, as well as interviews about the effect of IFRS on the profession around the world.

Paul Druckman, CEO of the IIRC, on the 'shifts' in the corporate world

3 May 2016
A conversation with Paul Druckman, CEO of the IIRC, on the shifts in the corporate world.

RSM Reporting - Issue 27

3 May 2016
Technical developments in global accounting and reporting from around the world, including an interview with the CEO of the IIRC, Paul Druckman.

Issue 58 – IFRS News In Brief

8 April 2016
Breaking IFRS news, including decisions by the IASB, comment letters, and upcoming comment letter deadlines.

Issue 57 – IFRS News In Brief

3 March 2016
RSM's monthly IFRS news round-up, including decisions by the IASB, comment letters, and upcoming comment letter deadlines.

Issue 56 – IFRS News In Brief

5 February 2016
RSM's monthly IFRS news round-up.

Are investment funds shortchanged by the exemption from consolidation with more efforts and disclosures required by fair value accounting?

29 January 2016
Amendments to IFRS 10, Consolidated Financial Statements, IFRS 12, Disclosure of Interests in Other Entities and IAS 27, Separate Financial Statements on Investment Entities (IE) provide an exemption from consolidation for investment funds and similar entities. As such, an IE records its investments in subsidiaries at fair value through profit or loss, instead of consolidating them. The main reason for such preferential treatment is that the IE operates in a unique business model where fair value information is provided to its users and such fair value information is more useful for the stakeholders within the IE’s ecosystem. However, the assessment whether an entity qualified as an IE is not straightforward. Let us explore closely.

A conversation with Nigel Sleigh-Johnson

29 January 2016
As last year marked the first decade of international accounting and reporting widely applied in Europe and a continuously growing number of other countries, it seems natural that we start the New Year reflecting on what the next decade of international accounting may look like and how we can influence it. To this end, I am grateful to Dr Nigel Sleigh-Johnson, Head of the Financial Reporting Faculty at ICAEW and co-author of ‘Moving to IFRS reporting: seven lessons learned from the European experience’, for sharing his personal views with us.

RSM Reporting - Issue 26

29 January 2016
As we enter into the second decade of IFRS in Europe, in this issue we reflect on the lessons learnt from the past and on what we should look forward to in the next decade. Our guest contributor, Dr Nigel Sleigh-Johnson, Head of the Financial Reporting Faculty at ICAEW, shared with us his insightful views, providing a start to the New Year under the best auspices of a promising new decade of IFRS.

Issue 55 – IFRS News In Brief

7 January 2016
PUBLICATIONS AND ANNOUNCEMENTS Accounting changes for transactions between investors and associates or joint ventures postponed

Issue 54 – IFRS News In Brief

7 December 2015
PUBLICATIONS AND ANNOUNCEMENTS Proposed guidance on transfers of investment property open for comment until 18 March 2016 On 19 November 2015, the IASB published an exposure draft aimed at clarifying the existing guidance on transfers to, or from, investment properties in IAS 40.